Chinese national behind loan apps held from Delhi

The Cyberabad police on Friday arrested a Chinese national from Delhi for illegally running moneylending apps. Yi Bai alias Dennis, a native of Jiangxi in Shanghai, was managing at least 11 such apps offering small loans to individuals between 20 and 40 years at extremely high interest rates.

from Hyderabad News: Latest Hyderabad News Headlines & Live News Updates from Hyderabad - Times of India https://ift.tt/2WJqBoG